PetroNor E&P ASA

Director's Dealing • Apr 9, 2022

PetroNor E&P ASA: Mandatory Notification of Trade

PetroNor E&P ASA: Mandatory Notification of Trade

Oslo, 9 April 2022: PetroNor E&P ASA (“PetroNor”) has received the attached notification of trade from Jens Pace, a primary insider due to his role as interim CEO.

Approximately 2% of the shares held by Jens Pace in PetroNor were automatically sold by the Sale Agent during the implementation of the Scheme of Arrangement as disclosed 7 April 2022.

33,334 shares were sold with a price of NOK 0.900506 per share, generating proceeds of AUD 4,526.76 after the conversion to AUD and deduction of Sale Agent fees.

Shareholding balance following the transaction:

Interim CEO Jens Pace controls 1,465,524 shares (0.11%) in PetroNor.

This information is subject to disclosure requirements set out in EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

For additional information, please contact:

Investor Relations

Email: ir@petronorep.com

www.petronorep.com

About PetroNor E&P ASA

PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA holds exploration and production assets offshore West Africa, specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in arbitration) and OML-113 in Nigeria (subject to completion).